In-flight Entertainment & Connectivity Market Overview, Cost Structure Analysis and Forecast to 2028
The In-flight Entertainment & Connectivity Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global in-flight entertainment & connectivity market is projected to reach USD 13.6 billion by 2028, according to Million Insights. The market is expected to grow with a 9.5% CAGR above the forecast period, from 2020 to 2028. The rising demand for seamless connectivity among passengers is one of the major factors to drive market growth. In addition, the growing number of non-stop long-haul flights across the globe is projected to have a positive impact on market growth.
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IFEC capabilities are
gaining traction due to advanced features with wireless connectivity offered to
passengers. These capabilities are expected to offer various growth
opportunities to airlines. The airlines are striving to change their IFC
service providers to get the technologically advanced performance and provide a
pleasant experience to the passengers. The above-mentioned factors are encouraging
the market players to implement some marketing strategies such as
collaborations and partnerships to sustain in competitive market and to expand
their geographical presence.
The majority of
airlines are replacing heavy screens and cablings with onboard Wi-Fi systems
for passengers in order to accommodate the BYOD model, which helps to decrease
the overall weight of the aircraft. Increasing trend to bring personal
electronic devices on board and pay to use additional cost for using Wi-Fi
during the flight is expected to fuel the IFEC market growth over the next few
years. Additionally, increasing demand for watching live TV onboard directly on
the passenger's personal devices is expected to create new opportunities for
market growth.
IFEC
Component Outlook (Revenue, USD Million, 2016 - 2028)
• Hardware
• Non-Portable
• Portable
• Connectivity
• Wired
• Wireless
• Content
• Stored
• Streamed
IFEC
Aircraft Type Outlook (Revenue, USD Million, 2016 - 2028)
• Narrow-Body Aircraft (NBA)
• Wide-Body Aircraft (WBA)
• Very Large Aircraft (VLA)
IFEC
Offering Type Outlook (Revenue, USD Million, 2016 - 2028)
• In-flight Entertainment
(IFE)
• In-flight Connectivity
(IFC)
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IFEC Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• Japan
• Latin America
• Middle East & Africa
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